News:
Brokerage
Posted: May 16, 2023
Coldwell Banker Commercial Custom Realty and Pyramid Brokerage Company secure 58,535 s/f lease to New York State Canal Corp.
Rome, NY Mercedes Brien of Coldwell Banker Commercial Custom Realty and Jeffrey D’Amore, SIOR and James Dylan Furney, of Pyramid Brokerage Company executed a 10-year lease for a multi-building dispatch and maintenance facility in the Griffiss Business and Technology Park, 248 Otis St.
The property consists of three buildings, 58,535 s/f, on 10.84± acres, with parking for 300 buses and 200 cars. The tenant, the New York State Canal Corp. (NYSCC), is a public-benefit corporation responsible for the oversight, administration, and maintenance of the New York State canal system.
Coldwell Banker Commercial Custom Realty, the local affiliate of Coldwell Banker Commercial, provides commercial real estate solutions of all property types.
Tags:
Brokerage
Central NY
MORE FROM Brokerage
Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated the lease for the Giunta’s Meat Farms to occupy 45,000 s/f at Strathmore Commons.
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
.gif)